Location: Wyoming County, WV | Metro: Wyoming County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The ZIP code 24719, located in Wyoming County, WV, can serve as a cash-flow anchor within a Section 8 portfolio strategy. This classification is based on the significant spread between the Fair Market Rent (FMR) and the actual market prices observed in the area.
The FMR for ZIP 24719 is set at $870 for FY 2026. However, the current real estate listings in the surrounding areas indicate much lower market values. For instance, a house in Herndon, WV 24726, just outside of ZIP 24719, is listed for $64,900. This low purchase price allows landlords and small-portfolio investors to acquire properties at a fraction of their potential rental value, thereby maximizing cash flow.
The low market values and high FMRs create an opportunity for positive cash flow. With the government guaranteeing a minimum rent through the Section 8 program, landlords can secure a steady income stream that exceeds the cost of mortgage payments and maintenance on these properties. This makes ZIP 24719 a solid choice for investors seeking to stabilize their portfolios with consistent, reliable returns.
While there is limited data on median home values and median income, the low prices of available properties suggest a region where housing costs are significantly below the average. This further supports the idea of using ZIP 24719 as a cash-flow anchor, as it is likely to attract tenants eligible for the Section 8 program due to the affordability of housing.
Investors should note that the lack of detailed market data might introduce some uncertainty. Nonetheless, the clear disparity between the FMR and the actual property prices presents a compelling case for ZIP 24719 as a strategic component of a Section 8 investment portfolio.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.